Replies to post #308605 on Zeev's Turnips Patch-No Politics (ZEEV)

[JimQuinceH]

<<Direction of the price of crude will determine market direction>>

Zeev, I was looking for the Oil price to crack, on Monday. That was why I bought America West Airlines (AWA) on Monday, I was one day early.

I agree, however, that the market should go up (on balance) into next Tuesday's "Change of Direction Point". Unfortunately, I have no signals after next Tuesday (10/19), but there are some Cycle lows due mid-November.

I find it interesting that the COMPX bottomed on 8/13, then went up for a month to a 9/13 top (at least for a few days).
If the 10/19 "Change of Direction Point" is on time and one month later 11/19, is an option expiration date, It wouldn't surprise me to see the market go south, for a month.

Jim